Walmart’s US CEO stepping down
Walmart announced Thursday that Greg Foran will be the new president and CEO of Walmart U.S. effective Aug. 9 replacing Bill Simon who is “transitioning out of the company.”
Alex and Ani’s fraud suit allowed to proceed
A federal judge has ruled that a case of “bungled bangle banditry,” in which jewelry brand Alex and Ani is suing BJ’s Wholesale Club and a group of distributors, can move forward.
EPA deals another blow to Alaska mine plan
The EPA said that constructing a copper and gold mine at the headwaters of Bristol Bay would produce enough waste to fill at least 880 football stadiums and have “unacceptable” adverse impacts on the ecosystem.
LVMH, eBay reach settlement over fake goods
LVMH and eBay announced Thursday that they have come to an agreement in their long-running court battle over the sale of counterfeit goods on the online auction site.
Senate revives Internet sales tax bill
A group of U.S. Senators have re-introduced last year’s Internet sales tax bill, this time pairing it with a different piece of Internet legislation that already has been passed by the House.
Harry Winston’s son loses bid to use Winston name
The son of famed diamantaire Harry Winston has lost a 13-year-long court battle to register the name Bruce Winston as a trademark for his own line of high-end jewelry, court papers show.
Appointments: New watches, jewelry head at Sotheby’s
Daryl Wickstrom is now the international managing director of the worldwide jewelry and watch divisions at Sotheby’s, where he will work with the auction house’s specialist teams to expand activity and grow sales in these departments.